Dips and Spreads Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Dips and Spreads Market
The dips and spreads market size were valued at USD 85.6 billion in 2021, and the market is now projected to grow from USD 91.3 billion in 2022 to USD 132.2 billion by 2029, exhibiting a CAGR of 5.43% during the forecast period of 2022-2029.
The COVID-19 pandemic brought restrictions such as shut down of most sectors, prohibiting travel and tourism to certain extent thus affecting many areas. However, the spreads dips market presented a contrasting image, it proved much resistant to these challenges. During the lockdown occasions such as working and sporting events were paralyzed, however consumption for comfort foods especially dips and spread was still strong due to the focus on enjoying group meals at homes. This difference helped illustrate when it came to the food industry, it was a different ball game during the pandemic.
Sauces, dips, and spreads are deliciously prepared from black beans, tomatoes, and mushrooms, among others; they assist in improving the eating and snacking pleasures as complementary to ready and some packaged foods. They have been traditionally associated with ethnic foods, which are the foods that come from the culture of the ethnic groups and include the Mexican, Chinese, and Italian foods. These ethnic foods retain their ethnic roots and category regardless the location in which people consume it/they. Mine come from choice of the different tastes and mouth feel they add on meal preparations hence their popularity in different meal plans.
The use of luxury products such as dips and spreads are enhancing the market growth and especially amongst restaurants and families. Exotic dips, especially salsa that continue to be a popular choice for many of the clients are often applied as adorning dressing or accompaniment. Due to the COVID lockdowns, there was an increase in the consumption of ready-to-eat foods for home consumption which include dips and spreads especially for the household category.
Comprehensive Analysis of Dips and Spreads Market
The dips and spreads market growth are also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by distribution channel analysis. By type analysis incudes salsa, mayonnaise, cheese, and others. By distribution channel analysis incudes B2B and B2C.
The Asia Pacific region lead the dips and spreads market share by benefitting a market size of USD 34.78 billion in 2021 due to increasing demand for on-the-go snacks and foods.
Top players in the market have their responsibility of food & beverages industrial prospectus growth of the retailing industry and the markets. These players include, The Kraft Heinz Company, Campbell Soup Company, Greendot Health Foods Pvt Ltd, PepsiCo (Frito-Lay), McCormick and Company, Inc., Wingreens Farms Pvt Ltd, AVT Gavia Foods Pvt Ltd, Conagra Brands, Inc, Sandridge Food Corporation, Veeba Foods, Britannia Industries Limited these market players provide a level-playing competitive landscape.
In April 2022, Sandridge Food Corporation launched its High-pressure Processing (HPP) system at its Ohio facility, enhancing food safety, texture, and taste while moving closer to its goal of producing ""bacteria-free"" foods.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Segmentation
By Type
Salsa
Mayonnaise
Cheese
Others
By Distribution Channel
B2C
B2B
North America (By Type, Distribution Channel, and Country)
U.S. (By Type)
Canada (By Type)
Mexico (By Type)
Europe (By Type, Distribution Channel, and Country)
Germany (By Type)
U.K. (By Type)
France (By Type)
Italy (By Type)
Spain (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, Distribution Channel, and Country)
China (By Type)
India (By Type)
Japan (By Type)
Australia (By Type)
Rest of Asia Pacific (By Type)
South America (By Type, Material, Distribution Channel, and Country)
Brazil (By Type)
Argentina (By Type)
Rest of South America (By Type)
Middle East & Africa (By Type, Material, Distribution Channel, and Country)
South Africa (By Type)
UAE (By Type)
Rest of Middle East & Africa (By Type)Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Regulatory Analysis
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID on Supply Chain of Dips and Spreads Market
- 4.5.1. Impact of COVID-19
- 4.5.2. Supply Chain Challenges
- 4.5.3. Potential Opportunities due to COVID-19
- 5. Global Dips and Spreads Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Salsa
- 5.2.1.2. Mayonnaise
- 5.2.1.3. Cheese
- 5.2.1.4. Others
- 5.2.2. By Distribution Channel (Value)
- 5.2.2.1. B2B
- 5.2.2.2. B2C
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Dips and Spreads Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Salsa
- 6.2.1.2. Mayonnaise
- 6.2.1.3. Cheese
- 6.2.1.4. Others
- 6.2.2. By Distribution Channel (Value)
- 6.2.2.1. B2B
- 6.2.2.2. B2C
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S
- 6.2.3.1.1. By Type (Value)
- 6.2.3.1.1.1. Salsa
- 6.2.3.1.1.2. Mayonnaise
- 6.2.3.1.1.3. Cheese
- 6.2.3.1.1.4. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Type (Value)
- 6.2.3.2.1.1. Salsa
- 6.2.3.2.1.2. Mayonnaise
- 6.2.3.2.1.3. Cheese
- 6.2.3.2.1.4. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Type (Value)
- 6.2.3.3.1.1. Salsa
- 6.2.3.3.1.2. Mayonnaise
- 6.2.3.3.1.3. Cheese
- 6.2.3.3.1.4. Others
- 7. Europe Dips and Spreads Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Salsa
- 7.2.1.2. Mayonnaise
- 7.2.1.3. Cheese
- 7.2.1.4. Others
- 7.2.2. By Distribution Channel (Value)
- 7.2.2.1. B2B
- 7.2.2.2. B2C
- 7.2.3. By Country (Value)
- 7.2.3.1. U.K.
- 7.2.3.1.1. By Type (Value)
- 7.2.3.1.1.1. Salsa
- 7.2.3.1.1.2. Mayonnaise
- 7.2.3.1.1.3. Cheese
- 7.2.3.1.1.4. Others
- 7.2.3.2. France
- 7.2.3.2.1. By Type (Value)
- 7.2.3.2.1.1. Salsa
- 7.2.3.2.1.2. Mayonnaise
- 7.2.3.2.1.3. Cheese
- 7.2.3.2.1.4. Others
- 7.2.3.3. Germany
- 7.2.3.3.1. By Type (Value)
- 7.2.3.3.1.1. Salsa
- 7.2.3.3.1.2. Mayonnaise
- 7.2.3.3.1.3. Cheese
- 7.2.3.3.1.4. Others
- 7.2.3.4. Italy
- 7.2.3.4.1. By Type (Value)
- 7.2.3.4.1.1. Salsa
- 7.2.3.4.1.2. Mayonnaise
- 7.2.3.4.1.3. Cheese
- 7.2.3.4.1.4. Others
- 7.2.3.5. Spain
- 7.2.3.5.1. By Type (Value)
- 7.2.3.5.1.1. Salsa
- 7.2.3.5.1.2. Mayonnaise
- 7.2.3.5.1.3. Cheese
- 7.2.3.5.1.4. Others
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Type (Value)
- 7.2.3.6.1.1. Salsa
- 7.2.3.6.1.2. Mayonnaise
- 7.2.3.6.1.3. Cheese
- 7.2.3.6.1.4. Others
- 8. Asia Pacific Dips and Spreads Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Value)
- 8.2.1.1. Salsa
- 8.2.1.2. Mayonnaise
- 8.2.1.3. Cheese
- 8.2.1.4. Others
- 8.2.2. By Distribution Channel (Value)
- 8.2.2.1. B2B
- 8.2.2.2. B2C
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Type (Value)
- 8.2.3.1.1.1. Salsa
- 8.2.3.1.1.2. Mayonnaise
- 8.2.3.1.1.3. Cheese
- 8.2.3.1.1.4. Others
- 8.2.3.2. Japan
- 8.2.3.2.1. By Type (Value)
- 8.2.3.2.1.1. Salsa
- 8.2.3.2.1.2. Mayonnaise
- 8.2.3.2.1.3. Cheese
- 8.2.3.2.1.4. Others
- 8.2.3.3. India
- 8.2.3.3.1. By Type (Value)
- 8.2.3.3.1.1. Salsa
- 8.2.3.3.1.2. Mayonnaise
- 8.2.3.3.1.3. Cheese
- 8.2.3.3.1.4. Others
- 8.2.3.4. Australia
- 8.2.3.4.1. By Type (Value)
- 8.2.3.4.1.1. Salsa
- 8.2.3.4.1.2. Mayonnaise
- 8.2.3.4.1.3. Cheese
- 8.2.3.4.1.4. Others
- 8.2.3.5. Rest of Asia Pacific
- 8.2.3.5.1. By Type (Value)
- 8.2.3.5.1.1. Salsa
- 8.2.3.5.1.2. Mayonnaise
- 8.2.3.5.1.3. Cheese
- 8.2.3.5.1.4. Others
- 9. South America Dips and Spreads Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Value)
- 9.2.1.1. Salsa
- 9.2.1.2. Mayonnaise
- 9.2.1.3. Cheese
- 9.2.1.4. Others
- 9.2.2. By Distribution Channel (Value)
- 9.2.2.1. B2B
- 9.2.2.2. B2C
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Type (Value)
- 9.2.3.1.1.1. Salsa
- 9.2.3.1.1.2. Mayonnaise
- 9.2.3.1.1.3. Cheese
- 9.2.3.1.1.4. Others
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Type (Value)
- 9.2.3.2.1.1. Salsa
- 9.2.3.2.1.2. Mayonnaise
- 9.2.3.2.1.3. Cheese
- 9.2.3.2.1.4. Others
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Type (Value)
- 9.2.3.3.1.1. Salsa
- 9.2.3.3.1.2. Mayonnaise
- 9.2.3.3.1.3. Cheese
- 9.2.3.3.1.4. Others
- 10. Middle East & Africa Dips and Spreads Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value)
- 10.2.1.1. Salsa
- 10.2.1.2. Mayonnaise
- 10.2.1.3. Cheese
- 10.2.1.4. Others
- 10.2.2. By Distribution Channel (Value)
- 10.2.2.1. B2B
- 10.2.2.2. B2C
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Type (Value)
- 10.2.3.1.1.1. Salsa
- 10.2.3.1.1.2. Mayonnaise
- 10.2.3.1.1.3. Cheese
- 10.2.3.1.1.4. Others
- 10.2.3.2. UAE
- 10.2.3.2.1. By Type (Value)
- 10.2.3.2.1.1. Salsa
- 10.2.3.2.1.2. Mayonnaise
- 10.2.3.2.1.3. Cheese
- 10.2.3.2.1.4. Others
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Type (Value)
- 10.2.3.3.1.1. Salsa
- 10.2.3.3.1.2. Mayonnaise
- 10.2.3.3.1.3. Cheese
- 10.2.3.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Dips and Spreads Market Share/Ranking Analysis, By Key Manufacturers
- 12. Company Profiles
- 12.1. AVT Gavia Foods Pvt. Ltd.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Campbell Soup Company
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Conagra Brands, Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Greendot Health Foods Pvt Ltd
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. McCormick & Company, Inc.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. PepsiCo (Frito-Lay)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Sandridge Food Corporation
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. The Kraft Heinz Company
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Veeba Foods
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Wingreens Farms Private Limited
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook